The Scottish FA has agreed a deal with merchant bank Close Brothers enabling SPFL clubs to apply for loans amid the financial pressures of Covid-19.
President Rod Petrie has been searching for alternatives to high-street banks, which are reluctant to get involved in football lending.
He has written to SPFL teams outlining the partnership with Close Brothers.
The merchant bank, which manages more than £13bn of assets, will make two types of loan available.
For clubs with a turnover below £45m, the Coronavirus Business Interruption Scheme (CBILS) is 80% backed by the government and offers loans up to £5m.
Alternatively, clubs access funding of up to £5m through "more traditional lending routes" of loan, hire purchase or lease.
"It is hugely beneficial that such a respected lender is prepared to engage with clubs to support them during this challenging period for Scottish football," said an SFA spokesperson.